Bill > HJR200

This joint resolution proposes a constitutional amendment to provide property tax relief for rental properties and households in Texas. The amendment would allow the legislature to create a new property tax exemption for qualified residential real properties that are at least 15 years old, multi-family, and used as primary residences for lessees. The exemption would cover 50 percent of the property's market value and any value increases due to rehabilitation. Additionally, the resolution establishes a new "property tax relief to rental households fund" in the state treasury, which will initially be funded with $3.8 billion from the general revenue fund on January 1, 2026. The fund can only be used to make direct payments to rental households for property tax relief, with eligibility requirements to be determined by future legislation. The amendment also modifies existing constitutional provisions to exclude these property tax relief payments from state appropriation growth limitations. The proposed constitutional amendment will be submitted to Texas voters in a November 4, 2025 election, with the provisions taking effect for the tax year beginning January 1, 2026, and expiring on January 1, 2027.

Budget and Finance

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HJR200